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Dec 31, 2012
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. >> they quickly cut the deficit by slowing the growth of social security but the senate says there is a little bit of movement when they are compromising which americans should should get ready to pay a higher tax rate. >> reporter: in an unusual move republicans here on capitol hill called on the nation's number 2 democrat, vice president joe biden, to help in negotiations, this as the white house puts the blame on the impasse on the gop. >> they say the biggest priority is making sure we deal with the deficit in a serious way. the way they are behaving is the only priority is making sure tax breaks for the wealthiest americans are protected. >> reporter: if a deal is not reached the president wants controlled senate to introduce legislation to keep tax cuts for couples earning up to $250,000 a year and keep unemployment benefits. here is an example of the move: the house speaker's last offer was maintaining tax cuts for $1 million or more or less, rather, the president was saying it has to be $250,000 or less. now democrats numberses moved up to possibly 350,000 or $400,000, so,
. >> they quickly cut the deficit by slowing the growth of social security but the senate says there is a little bit of movement when they are compromising which americans should should get ready to pay a higher tax rate. >> reporter: in an unusual move republicans here on capitol hill called on the nation's number 2 democrat, vice president joe biden, to help in negotiations, this as the white house puts the blame on the impasse on the gop. >> they say the biggest priority is...
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Dec 31, 2012
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. >> >> they say the biggest thing is taking care of the deficit. the way they are behaving the only priority is tax rates for wealthiest americans are protected. >> >> reporter: if the deal is not reached they want the senate to introduce legislation to keep the tax credit for $250,000 a year and keep unemployment benefits, back to you. >> it was not all gridlock in washington, though, both parties were able to agree to a one-year extension of the farm bill that expired in october. once it is passed the bill extends the threat of milk prices doubling next month. consumers were facing the prospect of paying $7 a gallon if the dairy program lapsed. >> reporter: you can keep tabs on the if fiscal cliff talk, 24/7 bilogging on to our web site, cbssf.com. >>> checking bay area headlines, the police still searching for the police who mugged a woman and killed her dog. the woman was looking for her cell phone in her car in the tender loin on friday when a man attempted to rob here. then grab her 12-year-old dog and hurled it into traffic. the police are c
. >> >> they say the biggest thing is taking care of the deficit. the way they are behaving the only priority is tax rates for wealthiest americans are protected. >> >> reporter: if the deal is not reached they want the senate to introduce legislation to keep the tax credit for $250,000 a year and keep unemployment benefits, back to you. >> it was not all gridlock in washington, though, both parties were able to agree to a one-year extension of the farm bill that...
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Dec 31, 2012
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. >> they say that their biggest priority is making sure that we deal with the deficit in a serious way, but the way they're behaving is that their only priority is making sure that tax breaks for the wealthiest americans are protected. >> reporter: but senators say there is some movement on the issue. >> there's a lot of give and take going on right now, but republicans doan want to see new revenues, in other words, democrat tax increases, beused for new spending. >> the president has said if there is no deal by the end of the day, the senate should draw up legislation to extend the bush-era tax cuts for the middle class. >> there should be an up or down vote. everybody should have a right to vote on that. you know, if republicans don't like it, they can vote no, but i actually think there's a majority support for making sure that middle-class families are held harmless. >> a white house proposal to increase estate taxes also held things up over the weekend. even if they pass some sort of legislation today it still has to get through the republican controlled house. terrell? >> not loo
. >> they say that their biggest priority is making sure that we deal with the deficit in a serious way, but the way they're behaving is that their only priority is making sure that tax breaks for the wealthiest americans are protected. >> reporter: but senators say there is some movement on the issue. >> there's a lot of give and take going on right now, but republicans doan want to see new revenues, in other words, democrat tax increases, beused for new spending. >>...
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Jan 1, 2013
01/13
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the president suggested lawmakers make action on deficit reduction in the next few months and that more tax revenue could be involved in those discussions. but republicans are furious at that possibility. >> i'm willing to support revenues to deal with this problem. the overall problem. but what i will not grow to is using revenues to replace spending reductions. >> reporter: even if the senate approves the deal by midnight the house still has to pass the measure before the president can sign it into law. the house left earlier this evening, but it doesn't matter in terms of the "fiscal cliff" agreement because the senate still has to vote on it. it's unlikely that they can get it done by midnight. so while the nags is technically over the cliff, it's only for a few days, we hope. reporting live in washington, i'm randall pinkston. back to you. >> brian. >> i'm curious, all this -- this is all unwound in the last 30 minutes according to a democratic aide. is there any indication they will have an official announcement in the next few hours about specifically what is happening at this mo
the president suggested lawmakers make action on deficit reduction in the next few months and that more tax revenue could be involved in those discussions. but republicans are furious at that possibility. >> i'm willing to support revenues to deal with this problem. the overall problem. but what i will not grow to is using revenues to replace spending reductions. >> reporter: even if the senate approves the deal by midnight the house still has to pass the measure before the...
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Dec 30, 2012
12/12
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the bad news i don't think we'll have meaningful deficit reduction and this is going to keep dragging on and on. >> you advocate for raising the capital gains tax which could make main street owe a lot more money than it does now. that is being discussed as part of a fiscal cliff deal but money believe that will hurt the economy and giving a disincentive to invest money. is that just focused on the real wealthy? >> i hear that argument a lot. number one, i'm really tired of our tax policy decisions and everything being made by what the market is going to do in the next quarter. look, this is an aberration and the tax code and grossly unfair. you look at say they raise tax rates, the top tax rate to 39.6% for those making more than $500,000, that's going to mean a lot of small businesses are going to pay that nearly 40% marginal tax rate where you have billionaire private equity funds paying 15, 20 or even 24 depending on where they put it. not an issue of penalizing investment income but penalizing labor and those who make their income through wages and they should both be taxed at th
the bad news i don't think we'll have meaningful deficit reduction and this is going to keep dragging on and on. >> you advocate for raising the capital gains tax which could make main street owe a lot more money than it does now. that is being discussed as part of a fiscal cliff deal but money believe that will hurt the economy and giving a disincentive to invest money. is that just focused on the real wealthy? >> i hear that argument a lot. number one, i'm really tired of our tax...
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Dec 29, 2012
12/12
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the 75% tax rate was part of the socialist government's platform for bringing down the budget deficit. he came to power in may promising to levy the tax on those earning more than a million euros per year, $1.3 million. the tax would affect about 1500 high earners. the constitutional council which oversees all legislation it said the new law was not fair because it applies to individuals and not households. the french prime minister said the government would introduce a new version of the law. >> we will implement measures to respect the commitment of the president of the republic. it will take into account the rejection of the constitutional council and apply the 2013 incomes and will have to be voted. >>> in macedonia, thousands of protesters gathered outside of the headquarters of the right wing ruling party, demanded the prime minister's resignation. the rally is a combination of days of protests that began last week when the opposition was ejected from parliament after a disagreement over next year's budget. we have this report from the capital. >> a march against the government
the 75% tax rate was part of the socialist government's platform for bringing down the budget deficit. he came to power in may promising to levy the tax on those earning more than a million euros per year, $1.3 million. the tax would affect about 1500 high earners. the constitutional council which oversees all legislation it said the new law was not fair because it applies to individuals and not households. the french prime minister said the government would introduce a new version of the law....
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in fact all three of the the money could have gone to pay down the deficit and frankly the deficit is not that big a deal the united states debt as a percentage of g.d.p. is not all that different from most of the developed countries in the world the hysteria that going back in the seventy's a republican strategist juden is key said whenever republicans are in office run up the debt whenever democrats come into office scream about the debt and so that you can force the democrats to cut the social programs and that's what's been going on we've been seeing as the script played out for thirty years but the money could have been used for things like making solid medicare it could have been used for getting the guns off the streets it could've been used for building our schools it could have been used for rebuilding our crumbling roads of a lot of things that could have been used for you right it sounds like so many issues are just going in circles guns campaign finance reform the fiscal cliff where does that stop tom. i think it stops in revolution and i don't mean that in the violence. b
in fact all three of the the money could have gone to pay down the deficit and frankly the deficit is not that big a deal the united states debt as a percentage of g.d.p. is not all that different from most of the developed countries in the world the hysteria that going back in the seventy's a republican strategist juden is key said whenever republicans are in office run up the debt whenever democrats come into office scream about the debt and so that you can force the democrats to cut the...
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thailand's three two one aggregate in bangkok the time has went all out to reduce the three one first leg deficit before karate or samba it headed home just before the break but that was as much as they could muster and singapore coach ready abnormal which celebrated its third crown at the tournament. and on sunday cricket great sachin tendulkar retired from one day internationals after an illustrious twenty three year career the thirty nine year old indian batsmen holds the world record of caps runs and centuries and the little masters says he was blessed to win the world cup last year on his sixth appearance for his country. football that in the famed i actually use academy will hold a training camp for russian kids in the moscow region this summer with the prospect of making this a permanent fixture considered part of has more. established at the beginning of the twentieth century i exist one of the world's most successful football teams and has become one of the biggest brands in the world the amsterdam side has won thirty one domestic championships and the european cup four times including t
thailand's three two one aggregate in bangkok the time has went all out to reduce the three one first leg deficit before karate or samba it headed home just before the break but that was as much as they could muster and singapore coach ready abnormal which celebrated its third crown at the tournament. and on sunday cricket great sachin tendulkar retired from one day internationals after an illustrious twenty three year career the thirty nine year old indian batsmen holds the world record of...
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Jan 1, 2013
01/13
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context of a larger agreement, bigger deal, a grand bargain, whatever you want to call it that solves our deficit problems in a responsible way. does not just deal with the taxes but deals with the spending so that we can put it behind us and focus on just growing our economy. >> the plan would permanently raise taxes on households making more than $450,000 while continuing tax breaks from businesses and extend unemployment benefits through 2013 and keep popular tax credits for middle class families until 2018. a decision on spending cuts has been delayed until march. stock markets begin the new year on wednesday when washington will find out what wall street thinks of congress' last ditch compromise. >> we will talk more about this latest deal. for that i am joined by our business correspondent. as we heard hard fought compromise in the senate at least but not everybody seems to be too satisfied. >> it is a compromise. both sides had to withdraw from their original positions. democrats wanted to raise taxes for yearly family incomes starting at $25,000. now it has been pushed to $450,000. if you
context of a larger agreement, bigger deal, a grand bargain, whatever you want to call it that solves our deficit problems in a responsible way. does not just deal with the taxes but deals with the spending so that we can put it behind us and focus on just growing our economy. >> the plan would permanently raise taxes on households making more than $450,000 while continuing tax breaks from businesses and extend unemployment benefits through 2013 and keep popular tax credits for middle...
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Dec 28, 2012
12/12
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the eu is giving madrid more time to get its deficits in line. reductions in health spending are only part of the total to save, but the symbolic value of cutting medical care is great, and so is public anger. >> the son of pakistan's former prime minister has made his first political address. he told party supporters that he would carry forward his mother's legacy, saying that she had sacrificed her life for democracy. benazir bhutto was killed in a gun and bomb attack during her 2007 campaign. >> in student was brutally gang rape on a bus earlier this month, and the prime minister promised to review rape laws and punishments. demonstrators again took to the streets today, calling on the chief of the police department to step down. the government has also ordered an inquiry into the police handling of the case. meanwhile, the young woman whose case sparked the protests has flown to singapore for treatment. her situation remains critical. and internet where there are no political restrictions or government fire walls and were free discussion is t
the eu is giving madrid more time to get its deficits in line. reductions in health spending are only part of the total to save, but the symbolic value of cutting medical care is great, and so is public anger. >> the son of pakistan's former prime minister has made his first political address. he told party supporters that he would carry forward his mother's legacy, saying that she had sacrificed her life for democracy. benazir bhutto was killed in a gun and bomb attack during her 2007...
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Dec 31, 2012
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taxes -- and the president promised in the campaign he wanted to do that -- it's to pay down on the deficit. there's no evidence of any of that. that's a major sticking point. the democrats are divided on tax rates, on the death tax, on taxes on small business and the republicans are holding firm that you actually have to deal with the number one problem in our nation which is the spending our debt. >> senator, the senate is reconvening this morning. how close are we actually to some kind of a deal here? >> i'm hoping that we get an arrangement and an agreement because the american people deserve certainty. what we ought to do is put a bill on the senate floor and let people offer amendments and vote on them. we shouldn't be here waiting for people to cut deals on back rooms. the american people ought to be able to watch the discussion and the debate and how people vote on various issues the death tax, tax rates, and how the money is going to be used because that's the big question. how are they going to use the money? >> senator, we heard president obama say in an interview that if congres
taxes -- and the president promised in the campaign he wanted to do that -- it's to pay down on the deficit. there's no evidence of any of that. that's a major sticking point. the democrats are divided on tax rates, on the death tax, on taxes on small business and the republicans are holding firm that you actually have to deal with the number one problem in our nation which is the spending our debt. >> senator, the senate is reconvening this morning. how close are we actually to some kind...
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the budget deficit the fiscal crisis to the extent that it exist although granted a lot of corporations are sitting on their capital they're not investing in r. and d. so one necessity for supporting manufacturing is to have things like democratic firms and cooperatives and alternative banks that we move our money and so we need the synergy between people moving their money into these production platforms to get the high paid jobs that we need all right jonathan feldman we are out of time thanks so much for being on the kaiser report. thank you for having me it was a pleasure all right not going to do it for this edition of the kaiser report with me max kaiser and stacy herbert my guest jonathan feldman if you were to send me an e-mail please do so at kaiser reported r t t v dot ru. by yo. deadly rivals for decades. if you had fifteen thousand people killing each other in any other country there would be diplomats there would be a. self-imposed costs from society i will tell myself that my going to tax my brother understand my going to. immediate. i'm going to leave basically attack the
the budget deficit the fiscal crisis to the extent that it exist although granted a lot of corporations are sitting on their capital they're not investing in r. and d. so one necessity for supporting manufacturing is to have things like democratic firms and cooperatives and alternative banks that we move our money and so we need the synergy between people moving their money into these production platforms to get the high paid jobs that we need all right jonathan feldman we are out of time...
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deficit and debt problem that actually things would be ok, not as abad adds we think. many of the issues don't kick in on january 1, they kick in later in the year, maybe as late as july or august, so politicians actually have time to sort out some of the key issues. nonetheless, the politicians, in particular president obama and i think the key leaders of the democratic party and the republican party here of the congress, they really don't want to be the ones sitting in the top offices when washington couldn't stop the ut from going through what could be a very, very potentially serious budget crisis. >> all right. keeping an eye on those important negotiations for us in the senate. thanks so much. >>> 21 policeman have been found dead in northwest pakistan after being kidnapped by the taliban last week. one man managed to escape arks --, and audio is fighting for his life in hospital. >> fighting for his life in a peshawar hospital, one of two survivors of an attack in the tribal region. 21 of his colleagues were captured at this check point and two others like it la
deficit and debt problem that actually things would be ok, not as abad adds we think. many of the issues don't kick in on january 1, they kick in later in the year, maybe as late as july or august, so politicians actually have time to sort out some of the key issues. nonetheless, the politicians, in particular president obama and i think the key leaders of the democratic party and the republican party here of the congress, they really don't want to be the ones sitting in the top offices when...
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Dec 27, 2012
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that abe will have a tough time fixing the economy because a, japan's because of japan's large budget deficit. >> the japanese fiscal cliff will be larger than the one in the united states, because japan's financial burden is considerably heavier than the other developed nations. in order for japan to put its fiscal house in order to, japan is launching a tax hike soon. there's one important condition for japan to do that. that is to observe stable growth by the time the taxes will be raised. this government, it has to be eager to boost its economy so that you can see an uptick of growth in the first half of next year. >> toyota is having its largest ever safety crisis, but it will cost more than a billion dollars. japanese automakers selling with customers in the u.s. will say that their vehicle suddenly exploded for no reason. about 16 million vehicles were sold between 1998 and 2010. investors are relieved the payout was not even bigger. shares ended the day a little in tokyo. -- up a little. israeli-arab politician is appealing to the supreme court after she was barrestole the american dr
that abe will have a tough time fixing the economy because a, japan's because of japan's large budget deficit. >> the japanese fiscal cliff will be larger than the one in the united states, because japan's financial burden is considerably heavier than the other developed nations. in order for japan to put its fiscal house in order to, japan is launching a tax hike soon. there's one important condition for japan to do that. that is to observe stable growth by the time the taxes will be...
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cliff again produced no results publicans and democrats to reach a deal on how to reduce the national deficit tax hikes and spending cuts with billions of dollars to actually take effect and juggle the first round of talks is show deal for saturday barack obama is already considering an emergency bill for low earners and the unemployed if agreement is not reached before the deadline. the six men involved in the gang rape of a student in india have been charged with murder just hours after their victim died in hospital if convicted will could face the death penalty cases sparked protests in new delhi with the authorities resorting to banning mass gatherings in parts of the city people are still joining to express their anger and sorrow while demanding extreme measures to keep the streets safe. japan's newly elected prime minister has taken a tour of the fukushima nuclear plant which was devastated by a massive tsunami last year wearing up. tech to suit be inspected the complex and admitted that dealing with the fallout is an unprecedented challenge the previous democrat government plan to scra
cliff again produced no results publicans and democrats to reach a deal on how to reduce the national deficit tax hikes and spending cuts with billions of dollars to actually take effect and juggle the first round of talks is show deal for saturday barack obama is already considering an emergency bill for low earners and the unemployed if agreement is not reached before the deadline. the six men involved in the gang rape of a student in india have been charged with murder just hours after their...
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produced no result the republicans and democrats failed to reach a deal on how to best reduce the national deficit tax hikes and spending cuts with billions of dollars that automatically take effect on journey to first another round of talks for saturday barack obama's already considering an emergency bill for lower wages and the unemployed if agreement isn't reached before that line. six men involved in the gang rape of a student in india have been charged with murder just hours after the victim died in all spittal if convicted all could face the death penalty but case sparked protests in new delhi with the authorities resorting to banning mass gatherings in parts of the city people still joining to express their anger well demanding extreme measures to keep the streets safe. and it's coming up to twenty five minutes past nine at night moscow time or to recap our main news story four people have been killed after a plane crashed into the side of one of moscow's main highways earlier on the sea evening four others were injured all of them are in a serious condition with head injuries the red wings
produced no result the republicans and democrats failed to reach a deal on how to best reduce the national deficit tax hikes and spending cuts with billions of dollars that automatically take effect on journey to first another round of talks for saturday barack obama's already considering an emergency bill for lower wages and the unemployed if agreement isn't reached before that line. six men involved in the gang rape of a student in india have been charged with murder just hours after the...
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Dec 30, 2012
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it would have an impact on the deficit. the president and democrats said they would like to have more deficit reduction but they don't want middle income seniors paying for that. it's a tough, tough point. the president said he would be open to entitlement changes in a bigger, broader deal. that's not what this was intended to be in the last 48 hours or so. i don't have a crystal ball. the moment we are in right now, it's not looking good. >> kelly o'donnell, live on capitol hill. we will check back in with you. thank you so much. again, the update, the highlight there from kelly o'donnell. there's been a major setback at this point in negotiations. according to democratic sources telling some democrats they are in a worse place in the negotiations now than they have been in some time. we're keeping a close eye on capitol hill. all the fiscal cliff business, maybe we put it aside at some point. we are not going to talk about that. by all accounts, 2013 should be a year of economic recovery. it should be. in a new article in
it would have an impact on the deficit. the president and democrats said they would like to have more deficit reduction but they don't want middle income seniors paying for that. it's a tough, tough point. the president said he would be open to entitlement changes in a bigger, broader deal. that's not what this was intended to be in the last 48 hours or so. i don't have a crystal ball. the moment we are in right now, it's not looking good. >> kelly o'donnell, live on capitol hill. we will...
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weeks the republicans and democrats have been trying to reach a deal on how to reduce the national deficit if they don't billions of dollars in tax hikes and spending cuts automatically come into effect on january the first activist and journalist says it's not the deadlock that bothers him but what has already been agreed upon. the real problem in my eyes is not the fact that they can't reach an agreement but rather that they have reached an agreement on many fundamental things the grievance they have reached is that neither of them are going to advocate to put more money in the hands of working people they have no problem whatsoever removing a trillion dollars or two trillion dollars from the economy and delivering it to the bankers they did that inside of twenty days back in two thousand and eight and again in two thousand and nine with very little discussion. everyone agrees on both sides of the aisle that sums sort of reduction in benefits from social security and medicare is inevitable quote unquote well you know the rest of us don't believe that it's inevitable or even that it's nec
weeks the republicans and democrats have been trying to reach a deal on how to reduce the national deficit if they don't billions of dollars in tax hikes and spending cuts automatically come into effect on january the first activist and journalist says it's not the deadlock that bothers him but what has already been agreed upon. the real problem in my eyes is not the fact that they can't reach an agreement but rather that they have reached an agreement on many fundamental things the grievance...
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produced no result if the republicans and democrats fail to reach a deal on how to reduce the national deficit tax hikes and spending cuts are worth billions of dollars automatically take effect on january first another round of talks are scheduled for saturday iraq obama is already considering an emergency bill for low earners and be unemployed if agreement is not reached before the deadline. at least four people have been killed and forty others injured after a passenger bus exploded at the terminal station in the southern pakistani city of karachi while an investigation is under way police believe that a terror attack or a gas cylinder explosion might be the cause of the blast the city has seen numerous militant attacks over the past decade and has been plagued by violence. the six men involved in the gang rape of a student in india have been charged with murder just hours after their victim died in a hospital if convicted all could face the death penalty cases sparked protests in new delhi with the authorities resorting to banning mass gatherings in parts of the city people are still joini
produced no result if the republicans and democrats fail to reach a deal on how to reduce the national deficit tax hikes and spending cuts are worth billions of dollars automatically take effect on january first another round of talks are scheduled for saturday iraq obama is already considering an emergency bill for low earners and be unemployed if agreement is not reached before the deadline. at least four people have been killed and forty others injured after a passenger bus exploded at the...
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no result no if the republicans and democrats failed to reach a deal on how to reduce the national deficit tax hikes and spending cuts with billions of dollars automatically take effect on the first another round of talks it shows you will for saturday barack obama's really considering an emergency bill for low earners and employed if agreement isn't reached before that deadline. the six men involved in a gang rape of a student in india have been charged with murder now just hours after the victim died in hospital if convicted all could face the death penalty the case about protests in new delhi with the authorities resorting to banning mass gatherings in parts of the city people still joining to express their anger while demanding extreme measures to keep the streets safe. it's been a turbulent year for russian politics with putin's come back to the kremlin met by big opposition rallies plus pussy riots infamous cathedral performance protest on the court case that followed that that split russian society well here's how some of the r.t. staff including me covered it all in twenty twelve.
no result no if the republicans and democrats failed to reach a deal on how to reduce the national deficit tax hikes and spending cuts with billions of dollars automatically take effect on the first another round of talks it shows you will for saturday barack obama's really considering an emergency bill for low earners and employed if agreement isn't reached before that deadline. the six men involved in a gang rape of a student in india have been charged with murder now just hours after the...
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Dec 29, 2012
12/12
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extending tax cuts while doing nothing to curb spending or address the long-term deficit crisis. if they fail to pass a mini-deal, almost everyone's income taxes will go up. even if the income taxes are extended virtually all workers are due to see less in their paycheck as the temporary tax increase is set to inspire. the prospects are quote not too promising they'll get to a bipartisan agreement to prevent everyone's taxes from going up. david? >> our chief white house correspondent jon karl. this waiting game is already affecting americans' 401 cans. the stock market, five straight losses. let's bring in bianna golodryga. >> take a look at what happened just the few days. the dow lost 158 points. for the week, down 252 points. david, it's real money. lost 3,000, $4,000. december is traditionally a good month for the markets. >> and for home sales. here's what the president had to say about that. >> america wonder why it is, in this town for some reason, you can't get stuff done in an organized timetable. why everything has to wait until the last minute. we're now at the last m
extending tax cuts while doing nothing to curb spending or address the long-term deficit crisis. if they fail to pass a mini-deal, almost everyone's income taxes will go up. even if the income taxes are extended virtually all workers are due to see less in their paycheck as the temporary tax increase is set to inspire. the prospects are quote not too promising they'll get to a bipartisan agreement to prevent everyone's taxes from going up. david? >> our chief white house correspondent jon...
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Dec 28, 2012
12/12
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in the deficit. wait a second. i have an audio problem. a what? >> i'm sure brad will correct me when comes up. you will see efforts on immigration reform and gun control and the biggest trade deal in the last generation. the pivot to asia and other foreign policy. >> laura: going to do all this by eg executive decision becaue last time i checkle he still had a republican house. >> stop the extraordinary fiscal cliff negotiations and go back to regular order and pass a real budget and provide an alternative. >> laura: the democrats also might take that advice to pass a budget. >> stop the games and go back to committee process and let paul ryan do his job and have the big debate. >> let's go to you brad on this. i say this to my republican friends. though are all upset he will do executive fiat and rule making. elections have consequences the old cliche quicks in and it is clear that the president s aggressive and he will use every means at his dice posal and if republicans don't like it he will say
in the deficit. wait a second. i have an audio problem. a what? >> i'm sure brad will correct me when comes up. you will see efforts on immigration reform and gun control and the biggest trade deal in the last generation. the pivot to asia and other foreign policy. >> laura: going to do all this by eg executive decision becaue last time i checkle he still had a republican house. >> stop the extraordinary fiscal cliff negotiations and go back to regular order and pass a real...
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created this cliff situation when they failed to agree on a budget that would help the country reduce its deficit and its your mongers debt and what they did was what they usually do they put off those important decisions and full circle deadline that deadline is now so we came up with this theory word cliff to create lots of drama around what should be the ordinary maybe somewhat boring were. working process of any congress or telamon that is to agree on a budget the need to deadlines so the cliff which actually describes the mode in which the congress is working their inability to make decisions until the very very last minute the cliff that u.s. lawmakers have artificially created could become very real for the american people the vast majority of them over one thousand government programs would be cut it would hit the unemployed very hard stop getting unemployment benefits there would be other automatic cuts and tax hikes that would mostly affect those who are financially insecure but everyone knows even if the lawmakers don't meet the january first headline they can pass measures retroactive
created this cliff situation when they failed to agree on a budget that would help the country reduce its deficit and its your mongers debt and what they did was what they usually do they put off those important decisions and full circle deadline that deadline is now so we came up with this theory word cliff to create lots of drama around what should be the ordinary maybe somewhat boring were. working process of any congress or telamon that is to agree on a budget the need to deadlines so the...
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Dec 29, 2012
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this is not a deficit reduction deal that will stabilize the debt to gdp ratio and that has to be -- that has to be one of the goals of a broader deal that now we're probably going to be looking for on the other side of the cliff. >> yeah. i don't know. it doesn't seem to be any part of the president's goal. jared, good to see you always. jimmy, you, too. we'll get you guys back in just a few minutes. we'll get you to the roundtable if you haven't had enough yet. what will it mean for banks? new analysis shows that the expiration ever tax cuts will improve bank savings in 2013, by, listen to this, 54%. in other words, people will need to pull their cash savings out to pay for higher taxes. here now is dan geller, executive vice president of market rates insight. dan, good to have you here. walk me through this math. you're saying the average american is going to put 54% less into savings this year because if we go over the fiscal cliff? explain. >> yeah. let's go back, michelle because the amount of taxation on an average household is effort mated at $2600, and right now the average
this is not a deficit reduction deal that will stabilize the debt to gdp ratio and that has to be -- that has to be one of the goals of a broader deal that now we're probably going to be looking for on the other side of the cliff. >> yeah. i don't know. it doesn't seem to be any part of the president's goal. jared, good to see you always. jimmy, you, too. we'll get you guys back in just a few minutes. we'll get you to the roundtable if you haven't had enough yet. what will it mean for...
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Dec 29, 2012
12/12
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extending tax cuts while doing nothing to curb spending or address the long-term deficit crisis. if they fail to pass a mini-deal, virtually everyone's income taxes will go up. even if the income taxes are extended virtually all workers are due to see less in their paychecks, starting in january, where the temporary 2% payroll tax cut is set to expire. don't assume there will be a mini-deal, a source close to the meetings going on tonight, the prospects are quote not too promising they'll get to a bipartisan agreement to prevent everyone's taxes from going up. david? >> our chief white house correspondent jon karl. of course, this waiting game is already affecting americans' 401(k)s. the stock market, five straight losses. let's bring in bianna golodryga. if these lawmakers thought that waiting to the 11th hour wouldn't have an effect, look no further than the stock market. >> take a look at what happened just the few days. the dow lost 158 points. for the week, down 252 points. david, it's real money. the average 401(k) lost $3,000, $4,000. december is traditionally a good month
extending tax cuts while doing nothing to curb spending or address the long-term deficit crisis. if they fail to pass a mini-deal, virtually everyone's income taxes will go up. even if the income taxes are extended virtually all workers are due to see less in their paychecks, starting in january, where the temporary 2% payroll tax cut is set to expire. don't assume there will be a mini-deal, a source close to the meetings going on tonight, the prospects are quote not too promising they'll get...
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Dec 28, 2012
12/12
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presented a plan to increase taxes on income over a quarter million dollars per year, as part of the deficit reduction plan to deal with american debt. he would probably say to the congressional leaders that need to figure out a way to get it through, but i think the expectations in washington of a deal are low with only three, four days left until the new year and the media tax hikes and spending cuts taking and -- kicking in. >> that means perhaps heading back into recession? >> yes, there is little doubt in washington about the seriousness of the sick jubilation. the problem is withdrawing government demand from the economy too big spending programs, cuts with a smothering effect on the tax hikes will have been very damaging effect on the was economy and by extension the world economy. people know it is serious, but the politics, we know that the house and senate republicans do not want to increase taxes on anybody, so it is very difficult to see how a package can get through congress, certainly in time for the new year. one guess is that they could that the fiscal cliff deadline lapse an
presented a plan to increase taxes on income over a quarter million dollars per year, as part of the deficit reduction plan to deal with american debt. he would probably say to the congressional leaders that need to figure out a way to get it through, but i think the expectations in washington of a deal are low with only three, four days left until the new year and the media tax hikes and spending cuts taking and -- kicking in. >> that means perhaps heading back into recession? >>...
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Dec 29, 2012
12/12
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presented a plan to increase taxes on income over a quarter million dollars per year, as part of the deficit reduction plan to deal with american debt. he would probably say to the congressional leaders that need to figure out a way to get it through, but i think the expectations in washington of a deal are low with only three, four days left until the new year and the media tax hikes and spending cuts taking and -- kicking in. >> that means perhaps heading back into recession? >> yes, there is little doubt in washington about the seriousness of the sick jubilation. the problem is withdrawing government demand from the economy too big spending programs, cuts with a smothering effect on the tax hikes will have been very damaging effect on the was economy and by extension the world economy. people know it is serious, but the politics, we know that the house and senate republicans do not want to increase taxes on anybody, so it is very difficult to see how a package can get through congress, certainly in time for the new year. one guess is that they could that the fiscal cliff deadline lapse an
presented a plan to increase taxes on income over a quarter million dollars per year, as part of the deficit reduction plan to deal with american debt. he would probably say to the congressional leaders that need to figure out a way to get it through, but i think the expectations in washington of a deal are low with only three, four days left until the new year and the media tax hikes and spending cuts taking and -- kicking in. >> that means perhaps heading back into recession? >>...
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produced no result if publicans and the democrats the bail to reach a deal on how to reduce the national deficit tax hikes and spending cuts with billions of dollars automatically take effect on generator first another round of talks the shows were for saturday barack obama said what he considered an emergency bill for low earners and the unemployed if agreement isn't reached before the deadline more world news now the six men involved in the gang rape of a student in india have been charged with murder just hours after the victim died in a hospital if convicted all could face the death penalty case despite protests in new delhi with the authorities resorting to banning mass gatherings of parts of the city now people are still joining to express their anger world demanding extreme measures to keep the streets safe and i'm not. just joined recapping our main news tonight for people including the captain have been killed after a passenger plane crashed into the side of one of moscow's main highways there only eight people all of them crew members at the time on board the plane the plane can carry
produced no result if publicans and the democrats the bail to reach a deal on how to reduce the national deficit tax hikes and spending cuts with billions of dollars automatically take effect on generator first another round of talks the shows were for saturday barack obama said what he considered an emergency bill for low earners and the unemployed if agreement isn't reached before the deadline more world news now the six men involved in the gang rape of a student in india have been charged...